Form 990 for tax year 2023

2a · Program service revenue: SalesElectricity

total $7,157,132 · related or exempt $7,157,132

2b · Program service revenue: RevenueMember

total $2,712 · related or exempt $2,712

2c · Program service revenue: Other Capital Credit

total $15,505 · related or exempt $15,505

2d · Program service revenue: Joint Use Pole Rental

total $1,020 · excluded $1,020

2e · Program service revenue: RevenueNon Member

3 · Investment income

total $142,900 · excluded $142,900

8c · Net income from fundraising events

total $0

10a · Gross sales of inventory

$72,577

10b · Cost of goods sold

$56,902

10c · Net income from sales of inventory

total $15,675 · related or exempt $15,675

5 · Compensation of officers, directors and key employees

total $190,529 · management and general $190,529

7 · Other salaries and wages

total $576,853 · management and general $576,853

8 · Pension plan contributions

total $60,676 · management and general $60,676

9 · Other employee benefits

total $190,099 · management and general $190,099

10 · Payroll taxes

total $52,966 · management and general $52,966

11b · Fees: legal

total $29,645 · management and general $29,645

11c · Fees: accounting

total $6,900 · management and general $6,900

12 · Advertising and promotion

total $10,739 · management and general $10,739

13 · Office expenses

total $36,989 · management and general $36,989

16 · Occupancy

total $17,526 · management and general $17,526

17 · Travel

total $114,384 · management and general $114,384

19 · Conferences, conventions and meetings

total $9,473 · program services $9,473

20 · Interest

total $233,326 · management and general $233,326

21 · Payments to affiliates

total $74,136 · management and general $74,136

22 · Depreciation, depletion and amortization

total $466,123 · management and general $466,123

23 · Insurance

total $31,070 · management and general $31,070

24a · Other expenses: Purchased Power

total $3,779,780 · management and general $3,779,780

24b · Other expenses: Operating Expenses

total $760,373 · management and general $760,373

24c · Other expenses: Property Taxes

total $131,656 · management and general $131,656

24e · All other expenses

total $174,320 · management and general $174,320

1 · Cash, non-interest-bearing

beginning of year $438,667 · end of year $392,753

2 · Savings and temporary cash investments

beginning of year $115,450 · end of year $270,806

4 · Accounts receivable

beginning of year $726,585 · end of year $687,282

8 · Inventories for sale or use

beginning of year $787,128 · end of year $1,383,030

9 · Prepaid expenses and deferred charges

beginning of year $189,001 · end of year $310,701

10a · Land, buildings and equipment: cost or other basis

$18,822,001

10b · Land, buildings and equipment: accumulated depreciation

$7,698,988

10c · Land, buildings and equipment, net

beginning of year $10,892,199 · end of year $11,123,013

15 · Other assets

beginning of year $250,531 · end of year $257,178

17 · Accounts payable and accrued expenses

beginning of year $646,715 · end of year $589,984

23 · Secured mortgages and notes payable

beginning of year $4,084,510 · end of year $4,969,422

25 · Other liabilities

beginning of year $35,370 · end of year $50,170

29 · Capital stock, trust principal or current funds

beginning of year $31,955 · end of year $32,600

30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $8,421,086 · end of year $8,579,055

31 · Retained earnings, endowment or other funds

beginning of year $179,925 · end of year $203,532